Permalink | Email this | Comments]]>dany bahardrb-hicomlotuslotus saleprotonFri, 11 May 2012 13:59:00 ESThttp://www.autoblog.com/feed/21021361/article-comments.xmlhttp://www.autoblog.com/feed/2012/05/11/proton-has-no-plans-to-sell-lotus/21021361/article-detail.xml21021361http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2012%2F05%2Flotus-evora-628.jpghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2012%2F05%2Flotus-evora-628.jpghttp://www.autoblog.com/2012/03/14/lotus-model-development-on-lockdown-as-company-looks-to-change-h/http://www.autoblog.com/2012/03/14/lotus-model-development-on-lockdown-as-company-looks-to-change-h/http://www.autoblog.com/2012/03/14/lotus-model-development-on-lockdown-as-company-looks-to-change-h/#commentsFiled under: Earnings/Financials, Plants/Manufacturing, Lotus, UK, Luxury, PerformanceLotus has put a halt to all development of future models. The news comes after the Malaysian government sold its controlling stake in Lotus parent company Proton. According to EVO, the company's takeover regulations require all involved parties to enter into a "lockdown" wherein anything outside of normal business is brought to a halt. For Lotus, that means stalling development for 60 days and pushing back launch dates for vehicles like the Exige S, Evora GTE and the upcoming Esprit successor. Lotus CEO Dany Bahar is currently engaged in talks with DRB-Hicom, Proton's new owner, in an attempt to ensure the industrial conglomerate holds onto the sports car maker.

Permalink | Email this | Comments]]>dany bahardrb-hicomespritlotuslotus carslotus exigelotus saleprotonWed, 14 Mar 2012 10:30:00 ESThttp://www.autoblog.com/feed/21022463/article-comments.xmlhttp://www.autoblog.com/feed/2012/03/14/lotus-model-development-on-lockdown-as-company-looks-to-change-h/21022463/article-detail.xml21022463http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2012%2F03%2Flotus-exige-s-628.jpghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2012%2F03%2Flotus-exige-s-628.jpghttp://www.autoblog.com/2012/01/17/drb-hicom-to-buy-proton/http://www.autoblog.com/2012/01/17/drb-hicom-to-buy-proton/http://www.autoblog.com/2012/01/17/drb-hicom-to-buy-proton/#commentsFiled under: Government/Legal, LotusA deal has been reached to sell the Malaysian government's controlling, 43-percent stake in Proton Holdings Bhd to Malaysian conglomerate DRB-Hicom for $410 million. Rumors surrounding the deal have been in the news for a few months, with Proton's deteriorating profits leading to speculation about if the government would get out and who be the savior. Of course, the other big question was: what happens to Lotus in the event of a sale.

Permalink | Email this | Comments]]>drb-hicomlotus espritlotus salemalaysiaprotonproton saleTue, 17 Jan 2012 16:31:00 ESThttp://www.autoblog.com/feed/21023647/article-comments.xmlhttp://www.autoblog.com/feed/2012/01/17/drb-hicom-to-buy-proton/21023647/article-detail.xml21023647http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2012%2F01%2Fprotonsaleagreed.jpghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2012%2F01%2Fprotonsaleagreed.jpghttp://www.autoblog.com/2011/12/29/investors-advice-to-proton-sell-lotus/http://www.autoblog.com/2011/12/29/investors-advice-to-proton-sell-lotus/http://www.autoblog.com/2011/12/29/investors-advice-to-proton-sell-lotus/#commentsFiled under: Government/Legal, LotusThere's a lot of smoke going on over at Lotus, but we still have a while to wait before we get the first evidence of fire: the new Lotus Espirit and it's in-house V8 won't be here until 2013. On the other side of the world, there's a fair bit of smoke and fire happening at Malaysian automaker Proton, which owns Lotus.